Information Services Group (NASDAQ:III) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Information Services Group (NASDAQ:III) from a buy rating to a strong-buy rating in a research note released on Saturday.

A number of other brokerages have also recently commented on III. Barrington Research restated an “outperform” rating and set a $5.50 price target on shares of Information Services Group in a research note on Thursday, April 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Information Services Group in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.50.

Information Services Group Trading Up 1.2%

Shares of Information Services Group stock opened at $4.33 on Friday. The stock has a market capitalization of $206.41 million, a P/E ratio of 24.06, a P/E/G ratio of 0.93 and a beta of 1.09. Information Services Group has a 52-week low of $3.51 and a 52-week high of $6.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.34 and a current ratio of 2.34. The stock’s 50-day simple moving average is $4.27 and its 200 day simple moving average is $5.16.

Information Services Group (NASDAQ:III) last issued its earnings results on Thursday, March 5th. The business services provider reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $61.21 million during the quarter, compared to analyst estimates of $61.11 million. Information Services Group had a net margin of 3.82% and a return on equity of 11.49%. As a group, research analysts anticipate that Information Services Group will post 0.27 EPS for the current year.

Information Services Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 20th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, March 20th. Information Services Group’s payout ratio is 100.00%.

Institutional Investors Weigh In On Information Services Group

A number of institutional investors and hedge funds have recently made changes to their positions in III. BNP Paribas Financial Markets boosted its stake in Information Services Group by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after buying an additional 3,739 shares during the period. Tower Research Capital LLC TRC increased its stake in Information Services Group by 250.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock worth $48,000 after acquiring an additional 7,177 shares during the last quarter. SG Americas Securities LLC bought a new position in Information Services Group in the 3rd quarter worth about $60,000. American Century Companies Inc. purchased a new stake in shares of Information Services Group in the 2nd quarter valued at about $53,000. Finally, Verdad Advisers LP purchased a new stake in shares of Information Services Group in the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

About Information Services Group

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.